IndusInd Bank, HDFC Bank best bets: Mehraboon Irani

Mehraboon Irani of Nirmal Bang Securities told CNBC-TV18, "If people want to buy Axis Bank, one should go ahead and buy it today. Going ahead, the management commentary is not all that negative. The markets always react to news very fast, much ahead of others and that is what possibly could have happened. I am not recommending the stock otherwise. I am not saying it is the best private sector bank stock for me. But a lot of people find comfort in names like Axis Bank, ICICI Bank and others and if that be the case, if somebody wants to buy, one can go and buy.""As far as people who are holding on to the stock goes, it is quite late now to say. Going ahead, things can possibly only improve for Axis Bank and the management commentary was not all that bad. At least that is not what I felt. I would say the present level now, it is too late to sell and if somebody wants to venture and buy into the stock from a little longer-term angle, there could be money to be made," he said."I am not recommending this stock. It does not suit my parameters, my best bet remains IndusInd Bank and HDFC Bank at the number one position."